The Goldman Sachs Group (NYSE:GS) Given New $504.00 Price Target at Wells Fargo & Company

The Goldman Sachs Group (NYSE:GS) had its price objective boosted by Wells Fargo & Company from $450.00 to $504.00 in a report released on Tuesday, Benzinga reports. The firm currently has an overweight rating on the investment management company’s stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a market perform rating in a report on Tuesday, April 16th. JMP Securities lifted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a market outperform rating in a research note on Tuesday, April 9th. Bank of America upped their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an outperform rating in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $440.57.

The Goldman Sachs Group Stock Up 0.0 %

NYSE:GS opened at $443.74 on Tuesday. The Goldman Sachs Group has a 1 year low of $289.36 and a 1 year high of $447.42. The stock has a 50-day moving average price of $406.72 and a two-hundred day moving average price of $377.23. The stock has a market cap of $144.01 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.38 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 EPS. As a group, equities analysts expect that The Goldman Sachs Group will post 36.07 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 29,330 shares of company stock worth $11,713,578 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On The Goldman Sachs Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. First United Bank & Trust acquired a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Versant Capital Management Inc grew its position in The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Cambridge Trust Co. increased its stake in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.